In a recent analysis, IMS Research, based in Wellingborough, UK, found that the member companies of the video surveillance standards body Open Network Interface Forum (ONVIF) command a significantly larger slice of the video surveillance equipment market than the member companies of the Physical Security Interoperability Alliance (PSIA) standards body.
ONVIF member companies command more than 40 percent of worldwide video surveillance market revenues compared with the 25 percent taken by PSIA member companies, according to the analysis. The difference is even more startling in the context of network video surveillance equipment. Here ONVIF member companies command nearly 60 percent of market revenues compared with the 20 percent share for PSIA member companies.
Senior research analyst Alastair Hayfield said “Instinctively it felt that ONVIF members had a greater market presence. However, it was a surprise to see quite how large the difference was.” Hayfield added, “The move to a standards based approach for network video surveillance is an important one. It will help to drive the adoption of network video surveillance products and will greatly benefit end-users.”
For information on IMS Research, visitwww.imsresearch.com